If you’re a masochist like me, you’ve probably found yourself interested in that terrifying question: what are the most expensive suburbs in Sydney?
After all, Sydney is pricey, and only getting pricier. It feels like real estate agents have been promising us that the property bubble is about to burst for going on a decade now.
Check out a tour of the Eastern Suburbs, one of the most expensive areas in Sydney:
Personally, I feel like I’ve lived my whole life getting promised that one of these days the market is finally going to crash. Every time I go over for tea, my boomer parents assured me that before long I will no longer find myself utterly terrified at the prospect of never being able to own a house. I don’t know how much longer I’m going to believe them, to be quite honest.
But hey, while we’re all sitting around waiting for that bubble to burst – a task about as fruitful as wanting for Godot – why don’t we cause ourselves a little angst and look into the most expensive suburbs in Sydney.
What are the most expensive suburbs in Sydney?
Most of the suburbs in Sydney are too expensive. But the really expensive suburbs in Sydney are mostly located in the Southeast, according to a 2018 study by the website Finder.Com.au.
The suburbs of Kensington and Kingsford are nigh-on unaffordable
As also noted in a news.com.au article, in particular, the suburbs of Kensington and Kingsford are nigh-on unaffordable. Houses in those areas can be up to 23 higher than the average income.
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Are the most expensive suburbs in Sydney only in the East?
Well… Pretty much. Other expensive suburbs include Bellevue Hill, and Mosman, so-called mansion suburbs that are packed with wealthy families that keep their accrued finances tight within their own bloodlines.
The really expensive suburbs in Sydney are mostly located in the Southeast.
Indeed, most property experts argue that the best way to own a home in Sydney’s super pricey East is to inherit one from your parents. Of course, that leaves most of us with not a lot to go on, unfortunately.
Should we be weeping over the expensive suburbs in Sydney?
Pretty much. We are the first generation in history to have worse living conditions than our parents – a lot of that comes down to how bloody unaffordable our lives are.
Other expensive suburbs include Bellevue Hill, and Mosman.
Oh well. On the plus side, at least the most expensive suburb in the nation isn’t actually in Sydney – that honour goes to Melbourne’s Toorak.
Swings and roundabouts, I guess!
For more real estate stories on the BRAG, read our story on the Australian Catholic Church’s property concerns here.
